N.D. Cent. Code § 15.1-07-12: Negotiable instruments - Disbursement of moneys by business manager

1.a.The board of a school district may adopt policies governing the disbursement of school district moneys by the business manager.

b.The policies adopted under subdivision a may include:

(1)The authorization, creation, and approval of negotiable instruments;

(2)The use of credit or debit cards;

(3)The payment of invoices;

(4)The use of petty cash;

(5)The use of electronic payments; and

(6)The use of facsimile signatures.

c.The policies adopted under subdivision a must include internal controls to safeguard school district moneys.

2.If the board of a school district has not adopted policies to govern the disbursement of school district moneys by the business manager, the business manager may disburse moneys only by issuance of a negotiable instrument upon presentation of a bill or invoice, the payment of which has been authorized by the president of the school board, and only if there are sufficient moneys available for the disbursement. Upon issuing a negotiable instrument, the business manager shall make a record of the instrument.